Practice management

Leaders of the House Energy and Commerce Committee have sent a letter to Internal Revenue Service acting chief Daniel Werfel requesting information about a March 2011 IRS search and seizure of as many as 60 million medical records from a California health care provider.

The Internal Revenue Service is not always properly monitoring or establishing the partial payment installment agreements it enters into with taxpayers, according to a new government report.

Senators Roy Blunt, R-Mo., and Jay Rockefeller, D-W.Va., have introduced a bipartisan bill to make the New Markets Tax Credit program permanent and increase its annual allocation.

CCH has unveiled Sales Tax RADAR (rates and decisions administration reporting), a new cloud-based tool designed to track rates and taxability details in thousands of jurisdictions

Write-downs and losses likely to continue as companies struggle to understand the rules.

CPA firms are prioritizing the need to attract new business and recruit top-notch staff as economic conditions improve, according to a new survey by the American Institute of CPAs.

The Internal Revenue Service filmed a “Mad Men”-themed continuing professional education video last year featuring an actor patterned after the Don Draper character in the popular AMC cable TV series.

The Swiss and U.S. governments have signed a memorandum of understanding on interpretations of their agreement on implementing the Foreign Account Tax Compliance Act, or FATCA.

Bloomberg BNA has begun a joint initiative with Tax Materials, the producers of the tax reference book series TheTaxBook, to include content from TheTaxBook in Tax Prep Guides that will be offered as part of Bloomberg BNA’s Tax Practice Series.

New York Yankees co-owner and managing partner Hal Steinbrenner prevailed in a lawsuit brought by the Internal Revenue Service seeking to recover $670,494 from what the government alleged was an unwarranted tax refund.

The Internal Revenue Service, under a congressional microscope for conference spending and improper scrutiny of small-government groups, has fired fewer workers for misconduct this year than at any time since 2002.

Rep. Elijah E. Cummings, D-Md., the ranking Democrat on the House Committee on Oversight and Government Reform, has sent a letter to committee chairman Darrell Issa, R-Calif., urging him to stop making unsubstantiated allegations about the IRS Tea Party targeting scandal being traced back to the White House.

The Internal Revenue Service reminded tax professionals Monday that its offices will be closed on June 14, July 5, July 22 and August 30 due to the current budget situation, and the closure will also affect the IRS’s Modernized eFile System.

The Internal Revenue Service said in an email to tax professionals Friday that it plans to retire and remove its Disclosure Authorization and Electronic Account Resolution applications from its online eServices on August 11, largely because of low usage and budget cuts.

Bob Moritz, chairman of PricewaterhouseCoopers LLP since July 2009, sat down with Accounting Today on Friday to discuss some of the issues facing the accounting profession and how PwC has been adapting to changes in the economy and accounting, as well as his encounter with Michelle Obama when handing her the envelope for the Academy Awards.

Mergers, manufacturing integrations, and partnerships were abound this week plus my take on what to expect at the upcoming AICPA Tech + Symposium.

The House Ways and Means Committee plans to hold a hearing next Thursday on the use of tax havens by multinational corporations to shift their profits.

While generally notices and other communications from the IRS are considered received by the taxpayer if they are delivered to the home by certified mail and signed for, such was not the case with a Letter 1153, received by and signed for by the taxpayer’s son but ultimately determined not to have made its final step on its journey from the IRS into the taxpayer’s hands.

CPA firms are increasing their email marketing, according to a new report.

The Internal Revenue Service executive who portrayed Spock in the agency’s Star Trek video parody apologized to lawmakers for inappropriate spending on a $4.1 million conference in 2010.